Question: What is best accounting practice for internally generated goodwill? It is not recognized in the financial statements It is recognized as an intangible non-current asset

What is best accounting practice for internally generated goodwill? It is

What is best accounting practice for internally generated goodwill? It is not recognized in the financial statements It is recognized as an intangible non-current asset on the statement of financial position It is written off immediately to the statement of profit or loss It is written off immediately to the statement of comprehensive income

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